How do million $$ home sales this year compare to years past.
Have a look,
| Jan-April | homes sold | List price | Sold price | %SP/LP |
| 2010 | 17 | $1,601,353 | $1,441,765 | 90% |
| 2009 | 11 | $1,425,273 | $1,176,818 | 84.5% |
| 2008 | 17 | $1,992,235 | $1,820,294 | 91.6% |
| 2007 | 29 | $1,660,467 | $1,557,420 | 94% |
| 2006 | 54 | $1,692,898 | $1,599,852 | 94.5% |
| 2005 | 31 | $1,497,029 | $1,446,032 | 97% |
so yes, we’ve got last year beat – when sellers were selling for just 84% of list - but sales are off 68% from 2006’s high. Yet, for now anyway, average sale prices are down just 10% from 2006.
And according to these numbers, we’re neck n’ neck with 2005 prices. Avg sale price, $1,446,032 in 05, $1,441,765 for 2010.
But notice how, though the selling prices are virtually the same, the list prices are miles apart.
In 2005 sellers were asking $1,497,029 and getting $1,446,032.
This year, sellers are asking $1,601,353 (11% more) and still only getting $1,441,765. And those are the lucky few who’ve found a buyer.
see thefoothillsToday.com
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